Vanderbilt University Buys 10,805 Shares of Prologis, Inc. (NYSE:PLD)

Vanderbilt University grew its stake in Prologis, Inc. (NYSE:PLD) by 23.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,522 shares of the real estate investment trust’s stock after purchasing an additional 10,805 shares during the quarter. Prologis makes up about 1.2% of Vanderbilt University’s holdings, making the stock its 12th largest position. Vanderbilt University’s holdings in Prologis were worth $5,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Dunhill Financial LLC boosted its holdings in Prologis by 239.5% during the 3rd quarter. Dunhill Financial LLC now owns 258 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 182 shares during the last quarter. Hara Capital LLC purchased a new position in Prologis during the third quarter worth about $48,000. Coastline Trust Co bought a new stake in Prologis in the 3rd quarter worth about $52,000. Fortitude Family Office LLC increased its stake in Prologis by 120.6% in the 3rd quarter. Fortitude Family Office LLC now owns 439 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 240 shares during the last quarter. Finally, Hanson & Doremus Investment Management lifted its position in shares of Prologis by 42.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 623 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Prologis Stock Performance

NYSE:PLD opened at $118.82 on Thursday. Prologis, Inc. has a 52-week low of $100.82 and a 52-week high of $135.76. The business’s fifty day moving average is $111.07 and its 200 day moving average is $118.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.23. The firm has a market cap of $110.05 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.66 and a beta of 1.10.

Prologis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Monday, December 16th. Prologis’s payout ratio is 96.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PLD shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $132.00 target price (down from $142.00) on shares of Prologis in a report on Monday, October 21st. UBS Group raised their target price on Prologis from $121.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. BNP Paribas upgraded Prologis to a “strong-buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price target on shares of Prologis from $138.00 to $131.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Raymond James reaffirmed a “market perform” rating on shares of Prologis in a research report on Monday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $128.78.

Prologis Company Profile

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. At March 31, 2024, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 1.2 billion square feet (115 million square meters) in 19 countries.